Sparebanken Øst Engages in Major Share Acquisition

Sparebanken Ost (GB:0G45) has released an update.

Sparebanken Øst is involved in a significant transaction where Sparebanken Sogn og Fjordane has agreed to buy a 9.88 percent stake in Frende Holding AS at NOK 768.80 per share. The deal’s impact on Sparebanken Øst’s valuation of its Frende shares is still under consideration, and the share transfer awaits Frende board approval.

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